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Investment value on NSE rises further by N20bn

By Providence Obuh

The value of listed equities on the Nigerian Stock Exchange (NSE) rose further, Tuesday, by N19.83 billion.  In particular equities value represented by the market capitalisation and the All share index both appreciated by 0.32 per cent each.

The capitalisation closed at N6.209 trillion from N6.189 trillion at which it opened. The All share index garnered 81.53 point to close at 25,526.49 point from 25,444.96 point .

The appreciation in the market indices was as a result of investors’ decision to take position in certain blue chip stocks, following a few days of decline in the prices of the shares. This brought about an increased demand for the shares, leading to an upward movement in the prices of the shares.

CAP Plc led on the gainers’ table, rising by N1.50 to close at N31.50 per share, followed by UAC Nigeria Plc with a gain of N0.75 to close at N42.00 per share and May and Baker Nigeria Plc rose by N0.28 to close at N6.01 per share.

Other share price gainers include: Union Bank Nigeria Plc N0.24, Diamond Bank Plc N0.23, Custodian and Allied Insurance Plc N0.18, First Bank of Nigeria Plc N0.18, United Bank for Africa Plc N0.16, Vitafoam Nigeria Plc N0.15, Fidelity Bank Plc N0.12, among others.

Conversely, Nigeria Bottling Company Plc recorded the most share price loss, dropping by N1.11 to close at N31.00 per share, followed by Dangote Flour Mills Plc with a loss of N0.55 to close at N21.45 per share and Eterna Oil Plc dipped by N0.19 to close at N7.50 per share.

Other share price gainers include: Red Star Express Plc N0.15, Starcomms Plc N0.12, Skye Bank Plc N0.11, Afri Bank Plc N0.09, Ecobank Plc N0.09, Ecobank Transnational Incorporation N0.09, Cadbury Nigeria Plc N0.07, among others.

Equities trading appreciated by 14.48 per cent, meanwhile a turnover of 236.07 million shares valued at N1.86 billion was recorded in 6,536 deals in contrast to yesterday’s turnover of 206.20million shares valued at N1.86 billion in5,092 deals.

Banking stocks enjoyed most patronage on the sectorial analysis accounting for 52.15 per cent of the market turnover, with 123.12 million shares valued at N1.07 billion in 3,024 deals.  Zenith Bank of Nigeria Plc emerged as the most active in the sub-sector trading 29.72 million shares valued at N391.65 million in 348 deals, First Bank of Nigeria Plc followed with the exchange of 16.41 million shares valued at N227.50 million in 654 deals and Diamond Bank Plc recorded 8.53 million shares valued at N70.54 million in 49 deals.

The Insurance sub-sector followed on the sectorial analysis accounting for 22.21 per cent, with 52.44 million shares valued at N117.19 million in 1,020 deals.  Custodian and Allied Insurance Plc recorded the highest patronage in the sub-sector trading 18.87 million shares valued at N75.76 million in 68 deals, AIICO Insurance Plc followed with the exchange of 12.56 million shares valued at N14.84 million in 763 deals and Guaranty Trust Assurance Plc recorded 8.70 million shares valued at N19.90 million in 26 deals.


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